Mortgage Brokers South Wales A row of colourful houses

LIFE ASSURANCE

Life Assurance: Peace of Mind Today, Security for Tomorrow.”

I'D LIKE TO BOOK AN APPOINTMENT

What Is Life Assurance?

Life Assurance - a hand stacking building blocks with medical symbols on them

Life assurance is a long-term policy designed to provide financial protection for your loved ones when you’re no longer here. It’s not just about peace of mind—it’s about ensuring your family is financially secure, no matter what happens. Let’s explore why life assurance is important, how it can help, and what options are available in the U.K.

Why Is Life Assurance Important?

Life is unpredictable. Life assurance acts as a safety net. It ensures that your family is not left struggling with financial burdens like mortgage payments, household bills, or education costs if you pass away.

Think of it as a way to leave a legacy. It provides your loved ones with financial stability during an emotional and difficult time. Without it, your family might face financial challenges they aren’t prepared for.

How Life Assurance Helps You and Your Family

Life assurance can cover:

  • Daily living costs: It replaces your income, helping your family maintain their standard of living.
  • Debt repayment: From mortgages to personal loans, the payout can cover outstanding debts.
  • Funeral expenses: It can ease the financial stress of covering funeral costs.
  • Future plans: It could help fund your children’s education or support their future goals.

Some policies also include critical illness cover, providing financial support if you’re diagnosed with a serious illness.

The U.K. market offers several types of life assurance. The best policy depends on your needs. Get in touch with us to discuss all available options, we’d be happy to help.

We are regulated by the Financial Conduct Authority.

Life assurance a red heart above a paper family in white

Frequently Asked Questions

Is there a difference between life assurance and life insurance?

Yes. Although they sound very similar, they serve slightly different purposes. Life insurance typically runs for a set term and pays out if you pass away during that time. Life assurance, which is often called “whole-of-life” cover, is designed to pay out whenever you pass away, for as long as you keep up the premiums. We can help you understand which suits your needs best.

Employer schemes are a great benefit, but typically, and understandably so, they only offer cover while you’re with that employer. In addition to this, they may not provide as much as your loved ones might need. Having your own policy means your family stays protected, no matter where your career takes you. Why not have a chat with us today to weigh up all your options?

Yes, you can. Most policies allow you to specify multiple beneficiaries. You can also place your policy in trust, which gives you more control over how the money is paid out and can help avoid inheritance tax delays. We’ll explain how that works during your consultation.

In most cases, yes. However, it may depend on the country and the circumstances. Some exclusions might apply (such as death in a war zone), so it’s always worth reviewing the policy wording carefully. We’re happy to go through these details with you.

Not always. Some policies are available without a medical, though providers may still ask health-related questions. If medical information is needed, it’s usually straightforward, sometimes just a questionnaire or GP report. We’ll let you know what to expect before you apply.

It’s wise to check your cover whenever your life changes, like getting married, having children, or taking out a mortgage, for example. Regular reviews help ensure your policy still meets your needs and remains good value for money. We can help with this as part of our ongoing service.